I saw some posts about american wanting to move to Europe; so just before you guys make the move, double-triple check insurances/banks, because literally every time I (not american) do smth financially related in France, they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc… Sounds discriminatory but apperently because legal
I dont know if that expands to any other field
EDIT: lol i am now wondering what are people are downvoting for? You dont like that fact, so you downvote whoever told you that fact? Some reactions are hilarious
If you renounce your citizenship the US government still expects you to pay taxes for the next 10 fucking years. Do you think that sounds reasonable too?
No they don’t, this is why Boris Johnson gave up his American citizenship.
(https://www.ftadviser.com/content/7fdbf645-1cc6-5f78-b01b-10c9c9eff904)
Haven’t heard that before, that’s wild
I’m wondering how the fuck are they even gonna know you paid them or not. If I am living in Germany, with a German employer, why the fuck are they telling the US what my wages are?
Because otherwise none of their customers will be able to do business with the US. They would like their customers to be able to do business with the US, so their only options are to either follow reporting rules for US Persons, or avoid having US Persons as customer. It sucks, but it’s the US government forcing this on everybody, and because of the economic dominance of the US, the rest of the world has no choice but to comply.